Ispire Technology (NASDAQ:ISPR) Issues Earnings Results

Ispire Technology (NASDAQ:ISPR) announced its quarterly earnings data on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports. Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 57.47%. The business had revenue of $39.34 million during the quarter, compared to analyst estimates of $45.60 million. During the same period last year, the firm posted ($0.04) EPS.

Ispire Technology Trading Up 0.3 %

Shares of ISPR stock traded up $0.02 on Wednesday, reaching $6.03. The company’s stock had a trading volume of 95,359 shares, compared to its average volume of 93,684. The stock’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $6.91. Ispire Technology has a 1 year low of $5.01 and a 1 year high of $19.78.

Analysts Set New Price Targets

ISPR has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and issued a $12.50 target price on shares of Ispire Technology in a report on Wednesday, October 2nd. Roth Capital raised shares of Ispire Technology to a “strong-buy” rating in a report on Friday, November 8th.

About Ispire Technology

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.